Home » Daily Current Affairs Quiz – 22nd October 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 22nd October 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.

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1) Where was the Foreign Currency Settlement System (FCSS) launched by Finance Minister Nirmala Sitharaman, eliminating the earlier 36–48 hour delay in forex settlements?

(a) Mumbai

(b) New Delhi

(d) GIFT City

(e) Chennai

2) Which bank has launched the Corporate Sapphiro Forex Card in collaboration with Visa?

(a) HDFC Bank

(b) Axis Bank

(d) State Bank of India

(e) Yes Bank

3) Which of the following statements about the RBI’s offline digital rupee (e₹) is correct?

(a) e₹ can only be used for online transactions and requires constant internet connectivity.

(b) e₹ wallets are available only for SBI and HDFC Bank users.

(d) e₹ is not being tested in any government schemes.

(e) The retail e-rupee pilot began in 2025 with over 1 million users.

4) What is the sum insured range offered under SBI General Insurance’s ‘Health Alpha’ plan?

(a) ₹1 lakh – ₹5 lakh

(b) ₹2 lakh – ₹10 lakh

(d) ₹10 lakh – ₹50 lakh

(e) ₹50,000 – ₹5 lakh

5) What was the initial proposed outlay of the rare earth magnets incentive scheme before it was revised to ₹7,300 crore?

(a) ₹1,350 crore

(b) ₹1,300 crore

(d) ₹5,000 crore

(e) ₹6,500 crore

6) What recent action did the RBI take regarding existing phone-locking practices by lenders?

(a) Allowed them to continue without restrictions

(b) Directed lenders to halt existing phone-locking practices

(d) Permitted access to borrowers’ personal apps

(e) Required lenders to increase loan interest rates

7) In news, Finance Minister Nirmala Sitharaman proposed training women as “Pension Sakhis” to increase enrolment in which scheme?

(a) Atal Pension Yojana (APY)

(b) Employees’ Provident Fund (EPF)

(d) Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM)

(e) Public Provident Fund (PPF)

8) In news, the Department of Legal Affairs notified the Notaries (Amendment) Rules, 2025. Which of the following states saw an increase in the maximum number of notaries that may be appointed?

(a) Maharashtra, Kerala, Punjab, and Odisha

(b) Goa, Chhattisgarh, Jharkhand, and Tripura

(d) Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, and Sikkim

(e) Gujarat, Tamil Nadu, Rajasthan, and Nagaland

9) In news, the Union Government released XV Finance Commission (XV FC) grants for Rural Local Bodies (RLBs) in which two states during FY 2025–26?

(a) Gujarat and Rajasthan

(b) Haryana and Punjab

(d) Karnataka and Tamil Nadu

(e) Bihar and Odisha

10) In news, the Sacred Relics of Lord Buddha from India are on display at which monastery in Kalmykia, Russia?

(a) Geden Sheddup Choikorling Monastery

(b) Ganden Monastery

(d) Rumtek Monastery

(e) Thiksey Monastery

11) In news, the United States and Australia signed a critical minerals agreement on October 21, 2025. What is the total value of the mineral supply pipeline under this agreement?

(a) $5 billion

(b) $6.5 billion

(d) $8.5 billion

(e) $10 billion

12) Takaichi Sanae was elected as Japan’s first female Prime Minister. Which party does she lead?

(a) Japan Innovation Party (JIP)

(b) Democratic Party of Japan (DPJ)

(d) Liberal Democratic Party (LDP)

(e) Social Democratic Party (SDP)

13) In news, the International Union for Conservation of Nature (IUCN) and the International Renewable Energy Agency (IRENA) signed an MoU to promote a transition from fossil fuels to renewables while ensuring what?

(a) Increased fossil fuel productionand supporting communities

(b) Safeguarding biodiversity and supporting communities

(d) Privatization of energy resourcesand supporting communities

(e) Construction of large damsand supporting communities

14) Defence Minister Rajnath Singh inaugurated a Titanium and Superalloy Materials Plant at PTC Industries in Lucknow. What is the annual production capacity of this plant?

(a) 4,000 tonnes

(b) 5,000 tonnes

(d) 9,000 tonnes

(e) 6,000 tonnes

15) Which instrument onboard Chandrayaan-2 recorded the effect of Coronal Mass Ejections (CMEs) on the Moon’s exosphere?

(a) M3 – Moon Mineralogy Mapper

(b) CHACE-2

(d) OMEGA

(e) TIR – Thermal Infrared Radiometer

16) Air India signed an interline partnership with which Taiwan-based airline to enhance connectivity?

(a) EVA Air

(b) China Airlines

(d) UNI Air

(e) Far Eastern Air Transport

17) Zoho launched “Vani”, a visual-first workplace collaboration platform. What model does Vani follow to organize projects and work?

(a) Folder and File model

(b) Space and Zone model

(d) Channel and Thread model

(e) Stage and Task model

18) In news, India plans to launch the Digital Public Infrastructure “Finternet” in 2026 to primarily focus on what?

(a) It will trade cryptocurrencies

(b) It will tokenise assets and integrate AI

(d) It will provide online education

(e) It will offer cloud storage services

19) Max Verstappen won the US Grand Prix 2025. How many times has he won at the Circuit of the Americas in the last five years?

(a) 2

(b) 3

(d) 5

(e) 6

20) Air India connected which two cities with its first non-stop flight to the Philippines?

(a) Mumbai and Manila

(b) Delhi and Manila

(d) Bengaluru and Manila

(e) Hyderabad and Manila

Answers :

1) Answer: D

Short Explanation:

Finance Minister Nirmala Sitharaman launched the real-time Foreign Currency Settlement System (FCSS) at GIFT City, eliminating the earlier 36–48 hour delay in forex settlements.

Detailed Explanation:

Finance Minister Nirmala Sitharaman launched the real-time Foreign Currency Settlement System (FCSS) at GIFT City, eliminating the earlier 36–48 hour delay in forex settlements.

Under the FCSS, a locally selected settlement bank will directly clear inter-bank foreign currency transactions within GIFT IFSC, bypassing Nostro accounts and intermediaries.

The system enables instant forex settlement, enhancing efficiency, liquidity management, and operational resilience under the Payment and Settlement Systems (PSS) Act, 2007.

With the launch of FCSS, GIFT-IFSC joins leading global financial hubs such as Hong Kong, Tokyo, and Manila, which already have local forex settlement systems.

2) Answer: C

Short Explanation:

ICICI Bank in collaboration with Visa launched the Corporate Sapphiro Forex Card, Asia’s first Visa Infinite-powered prepaid forex card designed for entrepreneurs and business travellers.

Detailed Explanation:

The card supports 15 currencies with zero cross-currency markup, enabling travel across multiple countries using even a single loaded currency.

It offers premium benefits worth over ₹15,000, including 2 free international lounge visits, meet-and-assist airport services, free international eSIM, 3 monthly ATM fee waivers, and preferential hotel and airline rates.

3) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) launched the offline digital rupee (e₹) at the Global Fintech Fest 2025, marking a major milestone in India’s digital finance evolution.

The e₹ supports offline payments using minimal network connectivity or NFC tap technology, ensuring accessibility in rural and remote regions.

Detailed Explanation:

The Reserve Bank of India (RBI) launched the offline digital rupee (e₹) at the Global Fintech Fest 2025, marking a major milestone in India’s digital finance evolution.

The e₹ is India’s official Central Bank Digital Currency (CBDC), functioning like physical cash in digital form, and stored in bank wallets offered by SBI, ICICI, HDFC, and Union Bank.

These wallets are available on Google Play and Apple App Store, enabling instant P2P (person-to-person) and P2M (person-to-merchant) transactions.

The e₹ supports offline payments using minimal network connectivity or NFC tap technology, ensuring accessibility in rural and remote regions.

The programmable e₹ is being tested in government schemes like Gujarat’s G-SAFAL and Andhra Pradesh’s DEEPAM 2.0, promoting efficient subsidy delivery, financial inclusion, and transparency.

India’s first retail e-rupee pilot began on December 1, 2022, with over 7 million users participating so far.

4) Answer: C

SBI General Insurance launched ‘Health Alpha’, a customizable retail health insurance plan that allows policyholders to tailor coverage with over 50 optional benefits, based on the theme “Your Health. Your Cover. Your Way.”

The plan offers sum insured options from ₹5 lakh to unlimited coverage, with policy terms up to 5 years and no upper age limit for adults.

5) Answer: A

Short Explanation:

The Expenditure Finance Committee (EFC) has approved a ₹7,300 crore incentive scheme to promote domestic production of rare earth magnets, essential for EVs, wind turbines, and electronics.

The scheme will run for seven years and was initially proposed with an outlay of ₹1,350 crore, later revised to ₹7,300 crore to strengthen India’s manufacturing capacity in this strategic sector.

Detailed Explanation:

Of the total outlay, ₹6,500 crore is earmarked for capital expenditure and ₹800 crore for operational support, focused on setting up processing units and supply chains within India.

The initiative aims to increase India’s rare earth magnet output to 6,000 tonnes by 2030, up from 1,500 metric tonnes, making the country self-reliant in domestic demand.

6) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) is exploring a phone security platform that would enable lenders to remotely lock mobile phones bought on credit if borrowers default on payments.

The RBI recently directed lenders to halt existing phone-locking practices, which involved apps installed during loan disbursement.

Detailed Explanation:

The Reserve Bank of India (RBI) is exploring a phone security platform that would enable lenders to remotely lock mobile phones bought on credit if borrowers default on payments.

The initiative aims to reduce bad loans while ensuring consumer protection and data privacy.

The RBI is analyzing pros and cons, weighing borrowers’ rights against creditors’ recovery mechanisms.

The RBI recently directed lenders to halt existing phone-locking practices, which involved apps installed during loan disbursement.

Upcoming guidelines under the Fair Practices Code may require explicit borrower consent and restrict lenders from accessing personal data.

7) Answer: C

Short Explanation:

Finance Minister Nirmala Sitharaman proposed training women as “Pension Sakhis”, similar to LIC’s Bima Sakhis, to increase enrolment in the National Pension System (NPS).

Detailed Explanation:

Finance Minister Nirmala Sitharaman proposed training women as “Pension Sakhis”, similar to LIC’s Bima Sakhis, to increase enrolment in the National Pension System (NPS).

She emphasized better coordination in India’s pension ecosystem, referring to the Forum for Regulatory Coordination and Development of Pension Products, established in August 2025.

The Multiple Scheme Framework (MSF) for non-government NPS subscribers was launched on October 1, 2025, allowing 100% equity allocation and flexibility to invest across different CRAs under one PRAN.

8) Answer: E

Short Explanation:

The amendment increases the maximum number of Notaries that may be appointed by the State Governments of Gujarat, Tamil Nadu, Rajasthan, and Nagaland.

Detailed Explanation:

The Department of Legal Affairs, Ministry of Law and Justice, has notified the Notaries (Amendment) Rules, 2025 via G.S.R. 763(E) dated 17 October 2025, under Section 15 of the Notaries Act, 1952 (53 of 1952).

The Notaries (Amendment) Rules, 2025 amended the Notaries Rules, 1956, and came into force upon publication in the Official Gazette.

The amendment increases the maximum number of Notaries that may be appointed by the State Governments of Gujarat, Tamil Nadu, Rajasthan, and Nagaland.

9) Answer: C

Short Explanation:

The Union Government released XV Finance Commission (XV FC) Grants for Rural Local Bodies (RLBs) in Gujarat and Haryana during FY 2025–26 to strengthen grassroots governance.

Detailed Explanation:

The Union Government released XV Finance Commission (XV FC) Grants for Rural Local Bodies (RLBs) in Gujarat and Haryana during FY 2025–26 to strengthen grassroots governance.

In Gujarat, the 2nd installment of Untied Grants for FY 2024–25 amounting to ₹522.20 crore was released for 38 District Panchayats, 247 Block Panchayats, and 14,547 Gram Panchayats.

Additionally, ₹13.5989 crore of the withheld 1st installment was released to 6 District Panchayats, 5 Block Panchayats, and 78 Gram Panchayats in Gujarat.

In Haryana, the 1st installment of Untied Grants for FY 2025–26 worth ₹195.129 crore was released for 18 District Panchayats, 134 Block Panchayats, and 6,164 Gram Panchayats.

10) Answer: A

Short Explanation:

The Sacred Relics of Lord Buddha from India are on display at the Geden Sheddup Choikorling Monastery (Golden Abode of Shakyamuni Buddha) in Kalmykia, Russia, attracting over 90,000 devotees.

Detailed Explanation:

The Indian delegation led by Shri Keshav Prasad Maurya, Deputy Chief Minister of Uttar Pradesh, includes senior Indian monks conducting religious services and blessings for the predominantly Buddhist population.

The event, which began on October 11, 2025, has seen queues nearly one kilometer long, reflecting strong spiritual enthusiasm among visitors.

This is the first-ever exposition of its kind in Kalmykia, highlighting the historical and civilizational ties between India and Russia.

11) Answer: D

United States (US) President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement on October 21, 2025, at the White House, aimed at strengthening Western supply chain resilience and reducing China’s dominance in critical minerals.

The agreement establishes an $8.5 billion mineral supply pipeline, with both nations contributing $1 billion each within six months to develop mining and processing infrastructure for key minerals such as lithium, nickel, and rare earth elements.

12) Answer: D

Takaichi Sanae has been elected as Japan’s first female Prime Minister, marking a historic milestone in the country’s political history.

Leader of the Liberal Democratic Party (LDP), she will form a coalition government with the Japan Innovation Party (JIP) after the LDP’s split from Komeito.

13) Answer: B

Short Explanation:

The MoU establishes a framework for joint action to ensure the global transition to renewable energy also safeguards biodiversity, supports communities, and advances the UN Sustainable Development Goals (SDGs).

Detailed Explanation:

The International Union for Conservation of Nature (IUCN) and the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU) at the IUCN World Conservation Congress in Abu Dhabi.

IUCN and IRENA will jointly promote a shift from fossil fuels to renewables while mitigating environmental impacts.

14) Answer: E

Short Explanation:

Raksha Mantri Rajnath Singh dedicated to the nation a Titanium and Superalloy Materials Plant at PTC Industries’ Strategic Materials Technology Complex in Lucknow, Uttar Pradesh on October 18, 2025.

The Strategic Materials Technology Complex, spread over 50 acres with an investment of ₹1,000 crore, has a production capacity of 6,000 tonnes per annum of aviation-grade Titanium and Superalloys from domestic and recycled sources.

Detailed Explanation:

The Minister emphasised that India must produce rare materials used in defence and aerospace to ensure technological sovereignty and become a technology creator.

The new plant is one of the first private sector units to manufacture aero-engine and superalloy components, marking a major step towards indigenous production of rare materials.

With this capability, India will be able to manufacture parts for fighter jets, missiles, naval systems, and satellites, enhancing strategic self-reliance.

15) Answer: B

Short Explanation:

The Indian Space Research Organisation (ISRO) has achieved a major scientific breakthrough by making the first-ever direct observation of how the Sun’s Coronal Mass Ejections (CMEs) affect the Moon’s exosphere through its Chandrayaan-2 lunar orbiter.

The observation was made using Chandra’s Atmospheric Composition Explorer-2 (CHACE-2) instrument onboard Chandrayaan-2, confirming that solar activity can significantly alter the lunar exosphere.

Detailed Explanation:

On May 10, 2024, a rare series of CMEs impacted the Moon, allowing CHACE-2 to record a substantial increase in total pressure of the sunlit lunar exosphere.

The number density of neutral atoms and molecules in the lunar exosphere rose more than tenfold, matching theoretical predictions that previously lacked direct observational evidence.

16) Answer: C

Short Explanation:

Air India signed an interline partnership with Taiwan-based STARLUX Airlines to enable seamless travel on combined itineraries.

STARLUX passengers can now connect to Delhi, Mumbai, Chennai, and Bengaluru via these shared gateways.

Detailed Explanation:

Air India signed an interline partnership with Taiwan-based STARLUX Airlines to enable seamless travel on combined itineraries.

STARLUX passengers can now connect to Delhi, Mumbai, Chennai, and Bengaluru via these shared gateways.

The partnership enhances premium travel options and strengthens full-service connectivity for passengers of both airlines.

Air India recently launched India’s first non-stop flight to the Philippines, connecting Delhi and Manila.

17) Answer: B

Short Explanation:

Zoho launched “Vani”, a visual-first workplace collaboration platform designed to enhance team productivity and interactivity.

It follows a “space and zone” model, where spaces represent project canvases and zones organize work by contributor, function, or phase.

Detailed Explanation:

Zoho launched “Vani”, a visual-first workplace collaboration platform designed to enhance team productivity and interactivity.

Vani allows teams to transition from static tools to dynamic, interactive workspaces for brainstorming, planning, and project execution.

It follows a “space and zone” model, where spaces represent project canvases and zones organize work by contributor, function, or phase.

The platform integrates AI-powered tools for content generation, flowcharts, summaries, and insights.

Arattai, launched by Zoho in 2021, is a “Made in India” social networking and messaging app, with the Tamil word meaning “chat” or “chit-chat.”

18) Answer: B

Short Explanation:

Finternet, India’s upcoming Digital Public Infrastructure (DPI), is expected to go live in 2026, focusing on tokenisation of assets and artificial intelligence (AI).

The platform will integrate land, property, bonds, and financial investments under one digital framework where they can be tokenised for simplified management and transactions.

Detailed Explanation:

Finternet, India’s upcoming Digital Public Infrastructure (DPI), is expected to go live in 2026, focusing on tokenisation of assets and artificial intelligence (AI).

The platform will integrate land, property, bonds, and financial investments under one digital framework where they can be tokenised for simplified management and transactions.

The initiative promotes tokenisation within regulatory frameworks, setting it apart from cryptocurrency-based systems.

Finternet aims to ensure regulatory compliance while unlocking the potential of tokenised assets for individuals and institutions.

19) Answer: C

Short Explanation:

Max Verstappen won the Formula 1 United States Grand Prix 2025, marking his third win in four races, tightening the three-way title battle with Oscar Piastri and Lando Norris.

This was Verstappen’s 68th career win, and he now has four wins in five years at the US Grand Prix circuit.

Detailed Explanation:

Max Verstappen won the Formula 1 United States Grand Prix 2025, marking his third win in four races, tightening the three-way title battle with Oscar Piastri and Lando Norris.

The race took place at the Circuit of the Americas in Austin, Texas, where Verstappen also won the Saturday Sprint Race, securing a double victory for the weekend.

This was Verstappen’s 68th career win, and he now has four wins in five years at the US Grand Prix circuit.

20) Answer: B

Air India recently launched India’s first non-stop flight to the Philippines, connecting Delhi and Manila.